Virgin Orbit Down Hard on Wall Street After Bankruptcy Filing
Virgin Orbit, the aerospace company of the well-known British businessman and billionaire Richard Branson, fell more than 22 percent on…
IEA Reports Record Sales of Heat Pumps in Europe
Sales of heat pumps in Europe rose to a record level last year due to sharply higher energy prices. The…
Financial Times: Swiss Judiciary is Investigating Credit Suisse Takeover
Swiss justice has opened a criminal investigation into the state-backed takeover of banking group Credit Suisse by UBS Group, reports…
Huawei Makes Significantly Less Profit Due to US Sanctions
The Chinese tech group Huawei has seen profits plummet by almost 70 percent in 2022. The US sanctions against the…
Google is Removing More and More Harmful Ads
Google removed or blocked more than 5.2 billion ads last year because they violated the rules of the tech company.…
Online Shopping Group Alibaba Wants to Split into Six Parts
Chinese tech and e-commerce group Alibaba plans to split its operations into six main divisions: e-commerce, media, and the cloud.…
European Commission: Alitalia Must Repay Government Loan
The loan of 400 million euros that the Italian government provided to the airline Alitalia in 2019 is illegal state…
Turkey’s Central Bank Leaves Interest Rates Unchanged After Earthquakes
The Turkish central bank will not raise or lower interest rates, despite the sky-high inflation in the country. Consumer prices…
Chinese Internet Company Tencent Manages to Reverse the Drop in Turnover
The Chinese internet and game company Tencent has seen turnover grow slightly again in the fourth quarter after two-quarters of…
Banking Unrest Pushes Gold Price to Highest Level in More Than a Year
The gold price is rising sharply due to the global unrest in the banking sector and the troubles surrounding Credit…